The question is that there is no ideal alignment. Alignment is a compromise of many factors, even some that depend on the cartridge and tonearm behavior. As they say, each should pick his poison.
Personally I always follow the tonearm manufacturer indications, and bless him if he supplies a decent jig or protractor!
You are correct alignment is a compromise of many factors each protocol has its proponents and pros/cons ( Stevenson, Loegfren,Baerwald etc.) .
I have the AM set up. I have not set up a Graham arm in years. I have custom MINT protractors, Feikert (both versions- the older one is better IMO) , DB and the Acoustical Systems. By far for ease of use and accuracy the AS smart tracktor is the best for me.
AM states clearly that you must use an accurate set up system before you begin regardless of your chosen geometry. Maybe it is possible to use the Graham jig to get close enough to have the AM offer reasonble tolerences to give guidence- more effort required perhaps. On the other hand the AS tracktor is a precision piece that makes the effort of getting accurate alignment easy and a requirement for something like the AM system.
If you don't have a "tolerence" for the iterative process- and its sometimes maddening to get things right with any set up jig. The AM system may not be for you. It can offer some outstanding insights in a consumer based package that are measurable and empirical.
Otherwise I highly recommend the Acoustical Systems Smart Tracktor. It makes set up a breeze- I can set up a cartridge in less that 10 minutes easily and repeatadly. The key is its mirrored surface, measurement bar for P to S and very importantly its laser cut divot that precisely sets in the point of your stylus.
The AM is icing on the cake- if you're inclined. It can be alot of work on the learning curve, it doesn't work if you are not accurate to begin with in geometry- but it allows you to see what is happening and prove your adjustments by measurements.
After using it for a few set ups you get better and better at it . Some say mastery takes 10,000hrs - not sure how many frustrating hours I have spent in my 35 years of being a vinyl enthusiast but it seems like a lot. I've got no skin in the game with either of these products- I just own both.
Think of any car analogy you want .. the AS is like a Lexus SUV. Predictable, reliable, comfortable etc. the AM is like taking that vehicle to a tune shop and putting a twin turbo on it. It will do some great things but you will have to pay for that performance in $ , time and effort .
Cheers